it's been tremendously disastrous, modern technology has weathered the storm so to speak. to laurie's pointed it's a inconvenience. in pre-industrial america or in the haiti or honduras you would have ten thousand people. you are worried about a cyber attack. we can't prepare for a natural disaster. but any attack would come from a known enemy that is islam we aren't sitting deduction like another natural disaster. >> ubs says they are going to cut up to 10,000 jobs. the reason is because of the requirement that have been put on banks for more capital and more rules. whether it's basil 3 or dodd-frank. ron, let's start with you? >> i think they will. i think this is really the danger you run when you pass legislation and rush it through congress. we don't have any understanding of the financial implications of it. i think ubs could be the tip of the spear here. i think there are a lot of smaller banks as well as those that want to do usiness with us is it really competitive for us to do business in united states or do we cut our losses. ubs a beginning indicator of what do